A Democratic blue wave would be bad for the real estate industry

With Joe Biden leading in the polls, many political analysts are predicting a blue wave this November that would put a Democrat in the White House, expand the Democratic majority in the House, and give the party control of the Senate.

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If such a blue wave happens, the real estate industry could be hit by a tsunami of tax increases in 2021.

Biden has proposed a number of major tax increases that would, if enacted, have a seriously negative impact on real estate investors. Democratic members of Congress also have put forward a number of proposals specifically targeting the real estate industry. If the blue wave hits, it could sweep away like-kind exchanges, capital gains, carried interest, opportunity zones, expanded depreciation, and other tax incentives used by real estate investors.

A prospective Democratic government would be expected to move quickly in the first quarter of

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Real Estate Q&A: Is it a bad idea to buy a foreclosed home? – Lifestyle – providencejournal.com

Q: We are looking at a home in a great neighborhood but are nervous because the house was foreclosed by the bank, which is now selling it. Is this a bad idea?

— Jackie

A: Foreclosed homes sold by lender’s “REO” or real estate owned department can be bought at a favorable price, but there can be some downsides.

The same can be said for foreclosed homes bought by real estate investors on the courthouse steps.

If you take these potential issues into account, you could end up paying an excellent price for your new digs.

REO purchase contracts are very one-sided, so be sure to review the terms carefully. It would help if you also considered that your seller never lived in the home and might not have even visited

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Toronto Condo Market Deluged With Listings, In A Bad Sign For Investors

a large body of water with a city in the background: Toronto city skyline, Ontario, Canada

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Toronto city skyline, Ontario, Canada

If you’re looking to buy a condo in Toronto these days, you’ll be glad to hear you will have more to choose from than buyers ever had before. And there won’t be any need for bidding wars.

But that might not be music to the ears of the city’s many investor-owners, who could see the value of their investments drop in the months ahead.

With the COVID-19 pandemic severely reducing the demand for rental housing in cities, and all but killing off Airbnb rentals, Toronto’s supply of condos for sale has shot up to record highs over the past few months.

The number of resale condos available in the City of Toronto more than quadrupled from around 1,500 before the pandemic to 6,455 in mid-October, the highest number ever recorded in the market. It has been climbing steeply upward from

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How To Find Bad Credit, No Credit, or Broken Lease Apartments In Louisville KY

Are you hunting for an apartment in Louisville but have been repeatedly denied because of your credit or rental history? This is more common that you realize and numerous and individuals are reporting that acute frustration especially when it comes to locating an apartment in this city known for its warmth, hospitality and world-class performing arts. The frustration results from a routine procedure by area apartments to conduct credit and rental history checks on most applicants. If you have prior issues with your credit or have had a broken lease in your history, there is a high chance that you will be denied a decent apartment in Louisville. The key to overcoming this therefore lies in your being able to successfully locate apartments that either, do not conduct credit checks, or those that are lenient towards applicants who have previous issues.

Canvassing the city of Louisville has unearthed several locations … Read More

Ways to Rent an Apartment With Bad Credit

Bad credit can manifest in many ways. People who have less than perfect credit end up with the problem of not being able to be approved for loans and even if they do, these are called “second chance loans” and they are noted for their extremely high interest rates and very oppressive terms. But nowhere does bad credit hurt more than its ability to cause one to be denied an apartment. This has been the predicament of many families who have ended up on the brink of being homeless.

With the foreclosure rate of homes skyrocketing daily, the demand for apartments has soared. To curb the influx, many apartments are now conducting routing credit checks. Many people are under the impression that all apartments do is check rental history. This is somewhat true but there is more. Apartments conduct checks on your employment history, your rental history and even your … Read More

Finding Places to Rent an Apartment in Chicago With Bad Credit, a Broken Lease Or a Criminal Felony

Chicago is the third largest metropolitan in the United States and as such attracts thousands of people each day. The city is also a formidable financial center making it a magnet for people seeking economic and career opportunities. Chicago has many different apartments which are excellent for any purpose and for any family size. If you are shopping for an apartment rental in Chicago, it is best to be armed with the necessary information required. One of these is to know your credit score because Chicago apartments will conduct credit and rental history checks not to mention criminal background checks as well. So where can one rent an apartment in Chicago if they have a prior broken lease, less-than-adequate credit or a criminal record?

There are many different localities within Chi-town where this is possible. The following areas have different apartment leasing homes that cater to applicants with an unflattering … Read More

Looking For an Apartment in Milwaukee, Wisconsin That Approves With Bad Credit Or a Broken Lease?

Milwaukee is a large city with a strong cultural backbone. This attractive city in Wisconsin has been a center of business and culture for decades, giving such notables as Milwaukee beer and much more. The city teems with new life in the form of colleges and recently opened businesses. This naturally attracts visitors and immigrants from other states not to mention other smaller cities within Wisconsin. Area apartments therefore are in hot demand. One standard procedure when applying to lease an apartment in Milwaukee is that you have to have credit that is acceptable. If you have bad credit or your rental history involves a broken lease, there is a high probability you will get denied. But this should not discourage you. There are some apartments within the metropolis that can work with applicants whose credit is damaged.

  • Arlington Heights
  • Franklin Heights
  • Harambee
  • Metcalfe Park and more…
  • People in Milwaukee … Read More

    Places in Phoenix to Rent an Apartment With a Broken Lease, Bad Credit Or Felony

    Phoenix Arizona is one of the cities that has some of the richest history in the United States. It was home to some of the earliest settling communities and also was home to one of the oldest Indian tribes in the entire North America. Today, the city is a sprawling metropolis that boasts the 6th largest US city population. It is headquarters to numerous important firms and is also an academic and cultural center. Phoenix is therefore a great place to live not to mention the hospitable climate. There are numerous apartments here that offer great amenities that are geared towards any housing needs. Many of these apartments also require good credit, a reasonable rental history and also agreeable criminal history.

    As we have mentioned, many apartments in the Phoenix area will require an applicant to have acceptable credit, rental record and also demonstrate the absence of recent felonies. Some … Read More

    Finding an Apartment in Boston Which Approves With Bad Credit Or a Broken Lease

    Boston is notably the academic center of the United States with many renowned universities. It is also a port, a manufacturing and cultural hub with millions of people converging here either for school, or employment or simply retirements. New workers arrive here daily and as such there is a demand for the many different apartments rental units that are available in places such as Brighton, Hyde Park, East Boston, West End and West Roxbury. Renting an apartment in Boston and its many neighborhoods sometimes requires good credit. This is because it is now standard procedure for the rental units to check credit and rental history to unearth financial well-being and to check for broken leases.

    How to rent an apartment in Boston that approves even with broken lease or bad credit

    In order to rent an apartment in Boston with a broken lease, bad credit or a criminal background, you … Read More

    Finding an Apartment to Rent in Austin With a Broken Lease, Bad Credit Or Bankruptcy

    Austin, the state capital of Texas, is a modest yet high-tech town which combines a serene life with some of the biggest names in technology and academia. The University of Texas in Austin has a looming presence and continues to attract thousands of young ambitious people from not only all over the US but the world. Austin also has some of the best apartment rental units one can ever find in Texas. But renting an apartment in Austin involves getting acquainted with the rental process. This is because most prospective tenants can expect a background checks which involves rental history and court records. Rental background checks are designed to unearth prior broken leases while court analysis reveals if the applicant has had a bankruptcy. But where can one rent an apartment in Austin if they have a broken lease or have filed Chapter 11 or 13?

    Prior broken agreements or Read More